Shares of Caretrust REIT Inc (NASDAQ:CTRE) hit a new 52-week high during trading on Thursday . The stock traded as high as $25.54 and last traded at $25.25, with a volume of 40471 shares trading hands. The stock had previously closed at $25.23.
Several brokerages have commented on CTRE. Zacks Investment Research upgraded shares of Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. BidaskClub upgraded shares of Caretrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus set a $26.00 price objective on shares of Caretrust REIT and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.57.
The company has a current ratio of 15.94, a quick ratio of 15.94 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.41 billion, a P/E ratio of 19.73 and a beta of 0.91.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Centersquare Investment Management LLC raised its position in Caretrust REIT by 11,620.8% during the first quarter. Centersquare Investment Management LLC now owns 1,726,830 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 1,712,097 shares during the period. Copper Rock Capital Partners LLC acquired a new position in Caretrust REIT during the first quarter worth $24,926,000. BlackRock Inc. raised its position in Caretrust REIT by 6.0% during the first quarter. BlackRock Inc. now owns 16,998,314 shares of the real estate investment trust’s stock worth $398,781,000 after acquiring an additional 955,883 shares during the period. Goldman Sachs Group Inc. raised its position in Caretrust REIT by 153.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,312,403 shares of the real estate investment trust’s stock worth $30,789,000 after acquiring an additional 795,143 shares during the period. Finally, American Century Companies Inc. raised its position in Caretrust REIT by 62.6% during the fourth quarter. American Century Companies Inc. now owns 1,844,731 shares of the real estate investment trust’s stock worth $34,054,000 after acquiring an additional 710,291 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.
Caretrust REIT Company Profile (NASDAQ:CTRE)
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
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